Petroleum and Natural Gas Minister Hardeep Singh Puri today allayed fears of short supply of crude oil amid the Russia-Ukraine conflict, as he informed the Rajya Sabha that the import of fossil fuel from Russia has been miniscule at just 0.2 per cent of total import requirement of the country till January this financial year.
Responding to a supplementary question in the House, the minister said, “About the increased oil import concerns…We require total of five million barrels per day. Sixty per cent of it comes from Gulf. We have imported from Russia, just 0.419 million metric tonnes…That is 0.2 per cent of total requirement (during April-January 2021-22).”
